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Exercise 4-18A (Algo) Using ratios to make comparisons LO 4-8 The following income statements were drawn from the annual reports of the Atlanta Company and

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Exercise 4-18A (Algo) Using ratios to make comparisons LO 4-8 The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company. All figures are reported in thousands of dollars. Required 0.1. Compute the gross margin percentages and return-on-sales ratios of Atlanta and Boston. 0.-2. Ascertain which of the companies is a high-end retailer based on ratios computed b. If Atianta and Boston have equily of $16,000 and $21,400, respectively, which company is in the more profitable business? Complete this question by entering your answers in the tabs below. Compute the gross margin percentages and return-on-sales ratios of Atlanta and Boston. (Round your angwers to the nearent whole number.)

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